Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.» Read More
Today's nonfarm payroll report boosted hopes for the economic recovery in the U.S., but different winds are blowing in Europe.
European shares closed higher on Friday after U.S. non-farms payrolls data showed the economy added 171,000 new jobs in October and unemployment steadied out at 7.9 percent.
The looming jobs report jars the yen and euro zone manufacturing slows again — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as uncertainty over Spain and Greece returned.
Greece’s parliament has been asked to investigate why two former finance ministers did not pursue possible tax evaders on the so-called “Lagarde list” of 2,000 Greeks with Swiss bank accounts, the Financial Times reports.
Excessive deference and hierarchy is damaging the Bank of England’s effectiveness, according to three independent reviews that criticize the central bank’s culture, the Financial Times reports.
Rather than wait for prosperous economic times to return to her native Portugal, Tatiana Almeida (26), educated to be a journalist, decided to leave and move to East Timor, a former colony in Southeast Asia, in search for opportunities.
Political inertia, red tape and a dearth of foreign investment are impeding a much needed overhaul.
Herman Van Rompuy, the European Council president responsible for summoning EU leaders to summits, is determined to go ahead with this month’s gathering on the bloc’s 1 trillion euro seven-year budget – despite UK parliament demands for cuts that make an agreement unlikely. The FT reports.
Should Germany leave the euro? It is, after all, the big country with an obvious exit option. The question becomes more pertinent after a new decision by Angela Merkel.
With so many understandably focused on Hurricane Sandy and its aftermath, few noticed this week's economic numbers out of Germany — a key part of the European puzzle. Yet the latest data releases could well prove consequential.
Investors set aside growth worries as European shares clawed back the previous session's losses on Thursday, buoyed by earnings from European companies and better macro economic data in China and the United States.
CNBC's Kelly Evans reports on all the market moving events from Europe, as more companies report better-than-expected earnings, helping indexes push higher.
As UBS announced plans to chop 10,000 staff this week, many traders reacted with shock. Little wonder: during the past three decades, it might have seemed inconceivable that any bank could slash its workforce so far, so fast, the FT reports.
Late and complex guidance from regulators has left the markets unprepared and confused ahead of today’s imposition of the first pan-EU rules on short-selling, according to brokers, traders and investors, the FT reports.
Willem Nabarro, Head of European Equities at Exane-BNP Paribas says that UBS' core business is looking strong as the bank moves towards wealth management and that the bank could become a gold standard for the finance industry.
The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
Mixed corporate earnings capped gains on Europe's top share index on Wednesday, with investors also cautious as Wall Street re-opened after two days of closure due to Hurricane Sandy.
Investors should opt for U.S. Treasurys and gold because the boost to risky assets from central bank stimulus measures may already be over, according to a report by macroeconomic research firm Capital Economics.
As Wall Street prepares to re-open for business on Wednesday, investors should prepare for a “wild session” before earnings reports could subdue the markets again, Michael Yoshikami, founder & chief executive of Destination Wealth Management, told CNBC.
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John Stephenson, president and CEO of Stephenson & Company Capital Management, discusses ExxonMobil ahead of earnings and says the results should be "pretty good".
The euro zone is probably already in deflation, says Mario Greco, CEO of Generali, adding that Europe needs more reforms to boost its labour market and competitiveness.
James Rickards, chief global strategist at West Shore Funds and author of 'The Death of Money', says it's too early to say whether Argentina's default will be contained.